Blogs

While 2022 may be a good year for industrial warehouse developers, the ongoing supply chain and shipping crisis make it a real catch-22. How can industrial warehouse developers navigate the future? When we think about pandemic-related shortages, we usually first turn to semiconductor foundries, or the parking lot of container ships sitting off the California coast. However, physical industrial warehouse space has also become hard to find. With record-low vacancy rates worldwide, industrial real estate developers are scrambling to keep up with growing demand. Landlords of established spaces are...

Commercial construction costs hinge on two primary categories: materials and skilled labor. Therefore, when both are in short supply and more expensive, already small profit margins contract even further. To counteract rising costs, many CRE firms simply raise their prices—which could further negatively affect the industry. First, there was Covid-19. Then came widespread labor shortages. Supply chain collapses saw rising commercial construction costs dig into profit margins worldwide. And now—to top it all off—there’s inflation. Rising steel prices, peaking at nearly $2,000/ton have affected...

Building information modeling (BIM) has surged in the past several years and its benefits are one of the few things everyone involved in the CRE industry can come together on. It has become clear that, while keeping the potential risks in mind, the benefits of BIM for any CRE business are impossible to ignore! Let’s discuss why. Construction is complicated—plain and simple. With so many moving parts involved in a project, especially in the commercial sector, the risk of errors and setbacks can cost CRE developers valuable time and money. Between architects, engineers, business leaders...